Infineon to provide Xbox 360 chips

ScottBanerjee

SAN FRANCISCO (MarketWatch) -- Shares of Infineon Technologies AG fell 8% to after the market close Monday as the company said that it would supply three of its chips for the Xbox 360 video game console.

The German chipmaker
IFX, +1.33%
will provide a solid-state memory unit, a chip for its wireless game controller and an advanced security chip. Financial details of the transaction were not disclosed.

Infineon shares fell to $8.75 in after hours trades.

The next-generation Xbox 360 video game console will be available on shelves this holiday season. A stripped-down version of the unit will sell for $300, while another unit with a 20G gigabyte hard drive and other features will sell for $400.

Microsoft is using graphic processor chips from ATI Technologies Inc.
ATYT
and is calling upon Celestica Inc.
CLS, -3.06%
, Flextronics International Ltd.
FLEX, -2.30%
and Wistron Corp.
WICOF
as its manufacturing partners.

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